What is the maximum rate of service charge revised by Reserve Bank of – InterviewSolution

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1.	What is the maximum rate of service charge revised by Reserve Bank of India(RBI) for the non-chest bank branches, which has deposited in the modern Currency Chests(CC)?
Answer» The Reserve Bank of India (RBI) permitted the modern Currency Chests (CC) to hike service charges on the cash deposited by non-chest bank branches from Rs.5 per packet of 100 pieces to a higher rate subject to a maximum of Rs.8 per packet.Only those Currency Chests(CC) will be classified as large modern Currency Chests who fulfill the minimum standards. After the fulfillment of this criteria, the rates can be increased.

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